Century Capital announces a rate cut on its Century PLUS product, offering lower monthly rates to potential borrowers.
- The new rates are introduced following feedback from brokers, aiming to enhance Century PLUS’s attractiveness.
- Loans ranging from £250,000 to £2.5m are available for residential properties in England with the new rate drop.
- The lowest monthly fixed rate starts at 0.89%, benefiting first and second charges under 65% LTV.
- Ky Benjamin expresses the company’s commitment to providing value and flexibility in lending solutions.
In a notable decision informed by broker feedback, Century Capital has introduced lower rates for its Century PLUS product range. This strategic move seeks to make the product more attractive to borrowers, demonstrating the company’s responsiveness to market demands. The product, which was launched earlier this summer, now presents a more compelling proposition for potential borrowers.
The revised rates, applicable to loans between £250,000 and £2.5m, are available for residential properties across England. These changes signify a significant move towards affordability in the lending market, particularly in a climate where financial flexibility is increasingly valued by borrowers.
With a starting fixed monthly rate of 0.89%, the Century PLUS product offers competitive pricing specifically for first and second charges under a 65% loan-to-value (LTV) ratio. This structure aims to provide advantageous financial solutions for a range of borrowing needs, aligning with current economic trends that emphasise cost-effectiveness.
Ky Benjamin, the head of lending at Century Capital, highlighted the company’s focus on marrying value with flexibility. He stated, “We have taken onboard broker feedback and are delighted to introduce these competitive, reduced rates.” This comment underscores the company’s aim to position the Century PLUS range as a preferred choice among both brokers and borrowers.
Century Capital’s rate reductions enhance the appeal of Century PLUS, strengthening its position in the competitive lending market.
